Word on the street has it that Orszag lashed out at Obama and his merry band of
Mr. Orszag, whose publicly stated reasons for leaving were that he was exhausted after years in high pressure jobs and also that he wanted to plan for his wedding in September --
Hold it! "Plan for his f***ing wedding?" "In September?"
[Orszag] is seen as the guardian of fiscal conservatism within the White House... the budget director has become increasingly frustrated with the administration’s [lack of] caution on longer-term fiscal restraint.
...Mr Orszag, whom Mr Obama has dubbed a 'propeller-head' because of his brilliant facility with projections and spreadsheets, has tried but failed to convince his colleagues to “step up the action”, according to one insider.
In particular, he has collided with the political team, led by Rahm Emanuel, Mr Obama’s chief of staff, over Mr Obama’s 2008 election pledge not to raise taxes on any households earning less than $250,000 a year [which] would put all the fiscal emphasis on draconian – and highly unrealistic – spending cuts, or else pushing the marginal tax rates on the very rich to confiscatory levels...
“Peter feels strongly that this is a pledge that has to be broken if the President is to take a lead on America’s fiscal crisis,” says an administration official not authorised to speak on the matter.
David Axelrod? Is that you?
Tyler Durden offers the executive summary: "This bankrupt country truly deserves all of its elected individuals."